LRB-2196/1
CTS:wlj:pg
2005 - 2006 LEGISLATURE
March 8, 2005 - Introduced by Representatives Davis, Fields, Gard, M. Williams,
McCormick, Musser, Gunderson, Hines, Petrowski, Towns, Vos, Freese,
Kestell, Van Roy, Ott, Pettis, Gronemus, Kreibich, Lothian and Krawczyk,
cosponsored by Senators Leibham, Olsen, Lassa, Kanavas, Zien and Stepp.
Referred to Committee on Small Business.
AB174,1,2
1An Act to amend 560.797 (2) (d) of the statutes;
relating to: limits on the
2designation of enterprise development zones.
Analysis by the Legislative Reference Bureau
Under the Enterprise Development Zone Program, the Department of
Commerce (department) is authorized to designate areas in the state as enterprise
development zones for the purpose of certifying as eligible for tax benefits persons
that conduct or intend to conduct in the enterprise development zones economic
activity that is approved by the department on the basis of specified criteria. The
department may certify only one person per enterprise development zone. Further,
the department is authorized under current law to designate not more than 79
enterprise development zones, unless the department obtains the approval of the
Joint Committee on Finance. This bill increases to 84 the number of zones the
department may designate without the committee's approval.
For further information see the state fiscal estimate, which will be printed as
an appendix to this bill.
The people of the state of Wisconsin, represented in senate and assembly, do
enact as follows:
AB174, s. 1
3Section
1. 560.797 (2) (d) of the statutes is amended to read:
AB174,2,24
560.797
(2) (d) The department may not designate more than
79 84 enterprise
5development zones unless the department obtains the approval of the joint
1committee on finance to do so. Of the enterprise development zones that the
2department designates, at least 10 shall be designated under par. (bg).
